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, if you look at uk they have a culture of violent games, the same games and everything around. obviously, they don't have these same shoot problems. if you like at japan, they have the most vicious, violent video games of anybody, and they don't have these issues. they don't have a murder rate. >> guess what? tell your hollywood friends, we got hundreds of millions of guns on the street. we ain't japan, so you fight the war on the battlefield before you and the battlefield before us is there is easy access to guns. there will be easy access to guns regardless of what gun safety legislation. >> to parents while i still have control, because you lose it as they get older, don't let them do it. find something else. it's hard. it's easier said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendme
. this is one of the best hospitals in the u.k. i have to say there's been a huge media presence here today, more are coming in all the time from all parts of the world. the daily mail, one of the main selling newspapers in this country is dedicating 14 pages to this in the morning. >> the big story just beginning. >> that does it for this edition of 360. thanks for watching, erin burnett out front starts now. giving them misinformation. >> at this point, what kind of military action might the united states be considering right now? >> when the president of the united states goes out there and makes a strong statement like he did today. >> that's commitment. >> you have to follow up it and do something. >> they're going to watch there carefully. when they see this move, they have to determine rapidly, what are assad's intentions. they're not sure about that right now. get other countries in the region, involved. don't forget, israel lies right over the border. the israelis may not be so patient and wait to see if the chemical weapons are going to be used. >> it's going to make everyone nerv
in the u.k. i have to say there's been a huge media presence here today, more are coming in all the time from all parts of the world. the daily mail, one of the main selling newspapers in this country is dedicating 14 pages to this in the morning. >> the big story just beginning. >> that does it for this edition of 360. thanks for watching, erin burnett out front starts now. >>> breaking news. news evidence that bashar al assad's regime has begun mixing sarin gas. >>> the speaker of the house, john boehner offered up his own plan to avoid the fiscal cliff today. does it add up? >>> and the u.s. ambassador to the united nations, susan rice comes under fire again. this time, it's over rwanda. let's go "outfront. >>> good evening, welcome, everyone. "outfront" tonight breaking news, president obama puts the syrian president on notice. the president is reacting to new evidence that assad's regime has started mixing chemicals to make deadly sarin gas, adding to its massive stockpile of chemical weapons. >> and today i want to make it absolutely clear to assad and those under his command, the
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in tw
week. that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited by the children, including former president george w. bush. those are your headlines. back to lori and connell. >> thank you. >> sales numbers, general motors up 3% from last year, and others in the green as well thanks to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing produ
irish fan, so hopefully not. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become th
in virgin. fill lebeau, what does it mean for both? >> for both? delta, more business over to the uk, lucrative business. we'll talk to the ceo of delta in a few minutes. rick santelli tracking the action at the c mulch e. what was it like today? >> it wasn't bad. we're going to give this auction a hook, an absolutely dead smack in the middle of the curve c. there's some strange inputs in this auction. $32 million yields a .327, which is exactly in the middle bitten off on wi. so pricing is fine. if you look at internals, a bid to cover -- to find a lower bid to cover they have to go back to february. if you look at direct bidding at 24.8, that is a record. that's almost twice 13%. if you look at indirect bids it's almost exactly the opposite. 22.9 well below 32% auction average and lowest since may of '07. we walk away thinking not so great. now that yield i mentioned, .327 is a record all-time low yield for the threes. after i sypher all that we come up with an average and look forward to $21 billion, ten years, early auction because of the fed decision. back to you, tyler. >> rick
. the boxer is extradiet add from the uk to face trial. he is accused of stabbing shawn long fellow. long fellow, a former marine was once awarded a purple heart. >> a multimillion gold heist. masked men boarding a fishing point on the dutch caribbean island. stealing more than 11 million bucks. the captain was injured and hit in the head. the thieves got away. serbia, ready and waiting for a vampire? villagers of one tiny hamlet believed that the legendary vampire ghost is aware know es. it is it home of the most famous vampire collapsed that. is a wrab. who will stay and who will go? biggest names in the obama administration will not be joining president obama for four more years. we'll take a look . shark. one man gets the surprise of his life while on vacation . v. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recomme
by the u.k. that if they go ahead with the settlement plans, israel is going to compromise the viability of the two state solution. the french government, which voted in favor of their upgraded status for the palestinians at the u.n. says it is not looking for way, is now looking for ways to put pressure on israel but it is not at this time considering trade sanctions. as for the palestinians, and this is very interesting, a member of the p.l.o. raised the possibility today that the p.l.o. would consider taking matters, now, to the international criminal court but many sources believe that it is highly unlikely that the palestinian president is given assurances to the united states that will not happen at least in the foreseeable future, but, definitely the palestinians not happy. they are pleased it appears that the world consensus is lining up behind them. >>shepard: thank you from jerusalem. there is a frantic search at home for a sick little girl that doctors say could die if they don't find her very soon. this is surveillance video from a hospital in phoenix. police say that is the
in australia and france and the uk and happens in japan, but for some reason i don't see them grieving over 20 children that have been slain in their schools. that does come down to a question of our gun problem and gun culture and the way we cope with it. i know the families in this town when they are past their grieving and they never will be, but one of the things people want to do here in newtown united is to give them a platform and a voice and let's hear what they have to say. >> two things you mentioned. newtown united and the goals for the organization. you mentioned having knew or met nancy lanza. can you give impressions of her from meeting her? >> it is a small town and a bunch of us play tuesday night ultimate frisbee in one of the local playing fields. we want to have a beer and we go to this place called my place. you have seen it on the news. nancy was i don't want to say a regular, but she was there and i chatted with her. a seemingly pleasant person and i'm sure she was. that's it. that's how small towns work, right? when i wait and saw i knew a number of people who lost a lov
it is really horrific stuff and we don't know how much of these gangs there are in the u.k. and these gangs tended to put a wedge between the child and parent so that the victim doesn't even know who to trust anymore and won't go to their parents for help. >> thank you. and now, let's check in with ashley banfield in for anderson tonight. >> thank you. you know, we're keeping them honest ahead on 360. on paper, this just sounded like a great idea. a cnn investigation found some very serious questions about whether illinois governor pat quinn launched an ambitious antiviolence program for crime prevention or political purposes. drew griffin has been watching it. it's really great. and also, baby veronica, this is her, being taken by her biological father from the parents who adopted her at birth. she had never met him before, but there is a fascinating legal twist involving the rights of native american kids and their parents and jeff toobin's going to join me with that. it's all coming up at the top of the hour. >> and now, our fifth story "outfront," the rise of drones with fins. the numbe
, that's one of the things i'm not on the hot seat about. that's part of the u.k. member firm. >> of course, this is an issue at the form. it's a big deal. >> it's important to us. unfortunately, we can't comment on that. our member firm has put out a statement. we believe we held up to professional standards. >> during that time, there was no questioning on the part of hewlett-packard in terms of saying, hey, did you find anything? it just seems like it came up from nothing. now all the sudden it's fraud with this $8 billion write down. >> again, i can't comment on it. i wish i could, but i cannot. >> all right. let me move on to your meeting with the president about the fiscal cliff. >> sure. it was optimistic. president very inclusive of business. he was open to a broad set of solutions that included all aspects, not just revenue, but spending and entitlement reform. >> so you actually felt that you saw a difference. you say it wasn't always like that. you saw a difference in the president in terms of listening and perhaps taking advice on what's to be done fiscally? >> the
negative. this has become a very emotional story in the uk and around the world, it seems. and blood on your hands is the phrase that keeps coming up. they obviously didn't intend this. these weren't journalists. they were comedians, if anything, and they gave it a go and it went through. there's a lot of criticism here that this should be tried. you have reported, i know, on the privacy laws in this country and the tabloid journalism and the pressure around that. and so this was seen as completely inappropriate. and it's come out with a worse possible ending as well. >> it's just an awful, awful event. max foster, appreciate you being with us. >>> a 21-month-old girl was caught up in an adoption battle. that's ahead. first, kyung lah with the "360 bulletin." >>> the republican chairman on the house intelligence committee says the u.s. has a moral obligation to act immediately if there's concrete proof syrian troops have loaded chemical weapons that are ready to be launched. this video posted online which cnn cannot independently verify purports to show syrian missiles that have been
, d.c. where we ban guns and murder rates and violent crimes went up. in the uk in jamaica and ireland, island nations that banned guns, you can't find a place where murder rates have gone down. they have gone up usually by large amounts. >> you cannot find a place -- >> let me bring in. >> first of all, basically every statistic that john cited is pure bunk in terms of the fact that the more guns equal -- that's true. they were gun-free zones, but attributing that to the fact that this violence occurred, that's where i have to step in. listen, my brother was shot in a shooting on top of the empire state building which was chaotic. i know firsthand. i talked with the victims from the aurora tragedy. to a person, they all say if there were another person armed, it would have led to more carnage. excuse me. i let you talk, let me finish. let me finish. in every one of the cases they say if there were more guns, it would have only led to more chaos. at the empire building shooting in new york. there were highly trained law enforcement officers in the chaos. there were eight other people s
a uniformed cop at every school with no issues. and rea quoted laughable, uk and others are baffled by nra insistence guns are good. you've lost your tag land of the free. keep them coming, we will continue to check on them and read that twitter feed throughout the morning. >>> well, the past 12 months were full of big moments, historic moments, emotional moments, and of course, some pretty funny ones too. here's a look back at the biggest stories of 2012. >> thank you so much. >> the crowd has gathered here. >> we want to be free people. >> the italian cruise ship capsized. >> nearly 23% on unemployment. >> joseph kony. >> viral on social media sites. >> outrage stirs social media. >> my name is sandra -- >> the affordable care act. >> legitimate rape -- >> the largest ipo in tech history. >> one article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of the suspect blamed for the movie theater shooting spree. >> shooting at the sheik temple in wisconsin. >> people have been shot in front of the empire s
bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >> i second that one, ty. >>> coming up, kayla with a very interesting app from bank of america. >> it is like the ghost of christmas future and we are all ebenezer scrooge. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek
a consistent disinvestment from developed equities and bought in the uk, europe, japan and the u.s. >> i got one bet for the new year. mike o'brien is going to pick the irish over alabama in the national championship game. >> all day, every day. >> mike o'brien of jpmorgan, thanks very much. >>> don't miss david faber and his exclusive cnbc interview with charter communications chief executive officer, thomas rutledge. it will be mr. rutledge's first sitdown since taking on that role in february. shares of charter gaining more than 30 prgs ov% over a one-yea. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. >>> rhetoric heating up over the fiscal cliff. will we see a deal by christmas? that was our poll question. 28% said yes. both sides know they need to get it done. 38% said no. n
it in france. they just did it in spain. they just did it in the u.k. >> they did it in greece. they raised the added-value tax four times. it's devastating consumer spending, and we're heading down the same road. david: larry mcdonald, new edge senior director. good to see you. thanks for coming in, appreciate it. sandy? >> ford recalling nearly 90,000 vehicles. did your car make the list? we've got the details coming up. >>> plus, the chances of falling off the fiscal cliff, it's not stopping one top money manager from buying. bob doll, he sells us where he's putting his money to work now. that's next. there is no mass-produced human. every humabeing is unique. and ther one store that recognizes it. the sleep number store. the only place in the world u'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you adjust to the suppo
games for real money in the uk and that's going to start neck year. and if it is a new avenue of growth it would be good. because its own growth has kind of stalled on lackluster interest, like with mafia wars 2 is shutting down on facebook and 13 other games have been dropped as well. we'll have to see if it works. >> cnbc's mandy drury, thank you. >> thank you. >>> top five viral videos of 2012. remember the father who shot his daughter's laptop after he read her facebook post complaining about her posts? and the space jump 24 miles above the earth. there it goes. number three, the bullied bus monitor who was flooded with more than $700,000 in donations from around the world. number two, gangnam style that how has over nine million views. and the number one viral video of the year, kony 2012. this clocked 100 thourk views in just six days bringing a view to outside central africa that no one knew anything about. reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. yofor giving the perfect gift?le just have a knackaway all day. they put real thou
to this government in exile, if you will, as being recognized by france, the uk, turkey, gulf cooperation council countries and now the united states. >> this is going to complicate things, because now at the same time we have this state department saying that a small portion of the rebels are terrorists. they are al qaeda. how does that complicate the situation? the u.s. is trying to support the rebels. the president says this is a legitimate organization, the government, and yet, you have terrorists inside on the ground as part of the rebel forces. >> these jihadi fighting forces are making the rebel advances by the way. when you hear them made in and around damascus and a big army base outside of aleppo overtaken by rebels, these are the fighting forces with training in iraq, the jihadis are foreigners. it's a small component but making advances. the head of the opposition group is criticizing the u.s. for designating this rebel group as a terrorist force perhaps he doesn't want to be seen as a puppet of the united states. by the way, the u.s. is now inviting the head of the opposition, the po
with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of helping transfer billions formations like iran doing business with firms linked to terrorism and also enabling mexican drug cartels to move money illegally through u.s. subsidiaries. >> considering that, that sounds low, $2 mibillion for helping mexican drug cartels and terrorists out of iran? >>> and asia asending, the west in decline. 300 years of the west rising is reversing. american intelligence agencies are preparing this report that they do every four years for incoming administration. the world undergoing tectonic shifts, comparable to the french revolution and industrial revolution, but
of with the british system, and in the u.k. incentivize with the preventive checks, blood pressure, cholesterol, urine checks and in the hospital, they get incentivized and rewarded. in massachusetts if the doctor does not save them money, then the doctors get penalized. stuart: and how do you judge, is it cost per patient per lifetime that the doctor is judged on? >> so what's happening here is that doctors are entering into contracts with insurance companies and they're given what's called a global budget. and they get a set amount of money to take care of a patient. if they look after those patients economically and save money they're rewarded. if they do not look after patients and spend money excessively and doctors are penalized and they're tracking it. stuart: that's interesting. let's suppose you've got a universe of 200 patients for one doctor. we'll give you x number of dollars to treat 200 people. you go above the dollars you're going to get penalized and come out of your pocket. keep below that number, the total cost of 200. you're incentivized and keep the difference. >> that's how it wor
the the whole -- like a big-time democratic supporter who went to the u.k. [inaudible]. basically the u.s. wealthy are making their arrangements. they understand what's happening here. stuart: you realize both of us with british accents both of us talking about the americans. there's two americans right there. >> that's the american dream. anybody can get off the boat at ellis island and 48 hours later they are telling you americans everything what's wrong with your country. what a great country. charles: i think a lot of people step off the boat embrace what america is all about more than people who are actually born in this country. i think we keep complaining that the wealthy, on the buffett end, yeah they support obama because it helps their guilt and they could afford it. the other wealthy, the 250,000, they are stuck between a rock and a hard place. to mark's point, anyone out there who does not think that at some point we're going to come around 200,000, 150,000. stuart: hold on a second. under obama care the taxes which will pay for it go into effect on january 1st, three, four
're not being impacted at this stage. we are in the france, uk and spain and all of our businesses are growing in each market. we're hiring in all of those markets. anybody who wants to know. >> have you changed the mix of samples depending on the economic environment? for instance in 2008 did you have maybe a lower end price point product as well as a higher end or no? >> that's one thing about the beauty industry, trends are always changing. it's an accessible luxury. you've heard of the lipstick effect. when the company goes down people want to treat themselves. one thing we've seen this year is male trends. nail polish, nail art. >> carl loves nail polish. he just loves it. >> what are all those people who give out samples in department stores going to do when you put them out of business? >> they're doing something different. department store sampling and sampling in stores is a loyalty moment. it's not a great thing to do for customer acquisition. you still have to get a customer to walk up to you. we're doing something really different. it's customer acquisition and it's in a very targe
to the uk. and anna wintour after all is british. and the guessing game even began as to who might replace her at vogue. those rumors over the past several months actually had died down, brooke, until today. but you can imagine why people are talking about this. listen, as one writer put it, the tea party has the coke brothers. mitt romney had bain capital, but only president obama has anna wintour. this is a woman who was one of the president's most powerful boundlers of donations. she raised more than $500,000 toward president obama's re-election campaign. she held a $40,000 a plate dinner party at sarah jessica parker's townhouse in new york earlier in the fall. she later held lavish fund-raisers, star studded by the way, in london and paris. >> so she's raised all this money and done so much for the obamas, what is she saying? what is vogue saying about this? >> you know, vogue will only officially say that these are still rumors and that she's very happy in her current job. listen, i do know anna wintour a little bit, brooke. and i can tell you that there are people close to her in so
. as i said, there's been a coordinated crackdown around the world of anti-bribery law in the u.k. and a big run in russia. corruption is everywhere. >> why isn't the united states further up the ranking? >> part of the problem and united states is always ranked around this area below top 10%. what they say is a lot of it has to do with just corruption not being enough of a priority. they say that the financial crisis changed some of that and people are starting to pay attention and citing a poll that 80% of americans believe that the financial crisis was the result of some public corruption. so it's more in the consciousness there and that affects the perception. it still has a long way to go. >> fascinating. thanks very much. >>> still ahead this morning, we've seen a wide range of companies unloading special dividends this quarter. have the nonissuing companies now made the wrong move. we'll take a deeper dive into that and talk about names that have yet to declare one and what it means for them ahead of the fiscal cliff. try running four.ning a restaurant is hard, fortunately
investigations are done. what happens in the uk and other places, it's an inquest to get information. that will regroup again in march. >> thank you. appreciate it. >>> another chapter in a bizarre story. it started with authorities in belize wants to talk to him about a murder. now antivirus founder john mcafee is back in the u.s., but might not be the end of the saga. unny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement plannin
's grappling with the same question helped by some decent uk inflation data today. and a t-bill auction in spain. our road map begins with what appear to be significant progress in the debt negotiations overnight. a whose proposal looking to raise rates for those making more than $400,000 a year. but senator corker on squawk just poured a bucket of ice water on those hopes. >> whitney boosts her recommendations on citi, bank of america and discover financial. is that move by one of the more famous financial bears, a sign of a new era for banks? >> walmart is once again the target of a "new york times" investigation. but does the paper add anything new and can the stock outperform just as it did last time. >> private equity firm server said it will sell the firearms conglomerate. is private equity talking about guns in the country. >> futures moving higher on optimism. the white house republicans rising above partisanship, getting closer to striking a deal on the fiscal cliff. we have the latest on not just the breakdown of this offer, but by the response of some key senators this mornin
to protect pol pots of the world. we'll never accomplish a ban. we'll never have a uk -- >> let's talk about that. people are talking about a sensible conversation. >> can i pause for one moment? >> this is the kind of thing that we're not allowed to chat about and we should. >> you mentioned the second amendment and everybody refers to it. let's read it first. here is the second amendment, literally what it says, a well-regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed. >> it has nothing to do with hunting or personal self-defense. these people had just beaten the british and enshined the ability to ton have civilian protection. that's why we're different. >> but this is -- this is -- this is the fundamental problem i have with that. and i get it, i understand historically how we came to that point. but i'm not trying to fight the federal government. i'm not trying to grab a .9 millimeter and say i don't want a federal trooper coming into my home. we have to reach a point in this country when you have --
europe and people in the u.k. and throughout the world. my hope is we are going to get the deal done. >> we have three weeks or so to play with at least this year some say. is that feasible knowing what you know? >> i think what you have to realize is there has to be a down payment. president outlined what he wants for that down payment on revenue side. let's have rates go back up which was the underlying assumption that was included in the whole simpson-bowles plan. the gang of six plan embraced that as well. brought the rates back up to 39%. you could still do tax reform after that to bring them back down and eliminate the tax expenditures. that's a good starting point. will we fully get through tax reform and entitlement reform by the end of the year? obviously not. what i fear is let's not continue to negotiate this into the 11th hour. every day that we go on during this period, during retail season, you hold back consumers which we know consumer confidence is two-thirds of the economy. folks are not buying stuff because they don't know what will happen come the beginning of the
. concerns over the uk economy. so we'll see how investors take to what's probably going to be a loosening up of the budget targets the chancellor set when they came into power. so we'll keep our eyes on that. and at the moment today, more talks in brussels. the greeks now getting their buy back program approved 37 trying to sort out a single supervisor. i think these talks will be fairly tricky because there is a majority who bt with a tant the be supervisor for all the banks. german didn't like that. so those talks will go on longer than originally hoped. but we are marginally higher going to the u.s. open. thank you. >> kelly, thank you. i'll just call you r kelly in now. >> that's not bad. >> ross, thank you. great to see you. >>> when we come back on squawk, bank of america ceo brian moynihan in his own words, we caught up with him yesterday to talk about business, the economy and the looming figure. as we head into a break, bank of america, best performing dow component of the year. up about 77%. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, alu
territory. so we're firmly in recession here in the eurozone and in the uk as well. we saw services pmi come in weaker than expected. contraction territory for new orders -- this is the british chancellor today. george osbourne will be delivering his autumn statement where he's probably going to say growth isn't strong enough so we're going to not really meet our budget targets as well. all these things coming into play at the moment as we wait for the u.s. session. we did have a good piece of news, though, out of china. the new leadership saying wle do whatever it takes to maintain solid economic growth. the shanghai composite up nearly 3% today. that boosted retail stocks. we also had a spanish bond auction, prefunding for 2013. got nearly the 4.5 billion they wanted. yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know,
for that company for autonomy. the uk unit of deloitte was in charge of signing off on autonomy's financial statements also before hp bought the company in 2011. but deloitte was also paid significant fees for other work it did for autonomy like due diligence work on a potential acquisition and to many observers the multitasking is potentially an industry problem. >>> let's take a look at stocks to watch this morning. we'll start with the first one, we'll look at enbridge which at this point is not doing a whole lot. it's indicated up 0.3 of a percent. enbridge has raised its dividend by 12% and it sees strong growth in its outlook for next year. next on the list which is coming up now is cooper. cooper fourth quarter profit rising 27% on continued contact lens sales. so, this is -- there's, like, six different coopers at one point. this is the contact lens. there's cooper tire. >> different one. >> cooper company, and cooper. >> dan, when you take a look at everything that's out there, everything that's happening in the economy, what's happening with washington, what's your biggest concern
encrusted ipad 2? that's right. two generations old. from the uk's stewart hughes. just $8 million. still too practical? check out this diamond encrusted blackberry bold for $1.2 million. to be fair i'm not sure they're selling that one anymore, carl. >> the 10 is still coming. maybe you can modify it for the 10. that is fabulous. take me back to the television. i assume it's only as good as the input you give it, right? if you play a standard dvd it is going to look like a standard dvd? >> that's right. it'll upscale blue ray and sony gives you a server with 10 4-k movies preloaded. it loans that out to people who buy the tv. >> all right. now the robot. did i hear you right? your face appears on the forehead? >> yeah. it's a little kind of a cross between fun and creepy. you can talk to the robot. see the person's face. >> definitely on the creepy. >> it's kind of fun to try to steer it around and, you know, i got to steer it myself when i visited the
. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said and done. $1.5 billion. >> probably lost. they did well. the libor stuff, if you can set rates -- >> well, and the crazy thing, it affects so many different instruments and so many people and so many businesses. >> right. >> i don't know that you could ever actually figure out all the implications from it. >> right. from everyone. and in a related
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